Bombay HC Issues Common Order For Commercial Suits Valued Above 100 Crores

The Hon'ble Bombay High Court in the case of IDBI Trusteeship Services v. Hubtown Limited, vide order dated July 9, 2021 laid down certain direction with respect to certain sub-categories of suits, all of which are of a value of more than Rs 100 crores. While the IDBI Trusteeship case has been a revolution in and of itself, this ruling contributes by providing much-needed clarity (earlier lacking) with regard to future filings. The new filing requirements themselves are also a positive development, since they clearly explain the slew of new rules that have been inconsistently applied up to this point.

The order has been classified into the following sections:

1. Matters still on Lodging matters